Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: Rruchi man on March 26, 2024, 02:32:00 PM
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To really get an accurate prediction in trading traders are often required and advised not to totally depend on technical analysis, forgetting fundamental analysis. With proper timely information from the news, you can make a lot of profit on a trade.
If you know that you will not be able to keep up with news updates as the come up, you can make a smart move on setting notifications on various crypto news handles on social media platforms like X, so that whenever there's a new development consigning cryptocurrency and a particular coin you'll be among the very first people to hear about it. Some traders make millions from just taking advantage of the news, and they are also able to avoid losses too due to fundamental analysis.
With Technical and Fundamental analysis, the chances of making profit from a trade increases massively.
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I am agreeing with you. I think for for getting professional trader both must needed fundamental analysis and also the technical analysis. If we talk about the fundamental analysis then we will find that the number of fundamental analysis trader is much more than technical analysis. And besides, most people do not know technical analysis, they have no other way except trading based on fundamental analysis, so I think it is better to gain fundamental knowledge and trade through fundamental analysis rather than trading depending on others.
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To really get an accurate prediction in trading traders are often required and advised not to totally depend on technical analysis, forgetting fundamental analysis. With proper timely information from the news, you can make a lot of profit on a trade.
If you know that you will not be able to keep up with news updates as the come up, you can make a smart move on setting notifications on various crypto news handles on social media platforms like X, so that whenever there's a new development consigning cryptocurrency and a particular coin you'll be among the very first people to hear about it. Some traders make millions from just taking advantage of the news, and they are also able to avoid losses too due to fundamental analysis.
With Technical and Fundamental analysis, the chances of making profit from a trade increases massively.
We only have one market, the fundamental analysis, technical analysis, onchain analysis, market psychology analysis... are just different approaches to learn and evaluate the market condition. Each person will choose the most suitable method, but I think it will be better if we can use a combination of those methods to increase the accuracy of the predictions.
Usually, fundamental analysis assesses the long-term potential of the project, updates changes in tokenomics and investment funds, which technical and onchain analysis cannot exploit from the price chart and blockchain data. I respect all methods, so even though I focus on technical analysis, I still follow and read updates from fundamental analysis teams to choose the most potential projects for investment.
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To really get an accurate prediction in trading traders are often required and advised not to totally depend on technical analysis, forgetting fundamental analysis. With proper timely information from the news, you can make a lot of profit on a trade.
You are right. Technical analysis is being used more frequently, but in order to become profitable traders we still need to follow every analysis. Technical analysis is a method for predicting future price trends by utilizing market data and past price movements. Furthermore the clarity it provides on a news and macroeconomic variables makes fundamental analysis indispensable. Since mood analysis helps interpret trader activity and market mood, it is also essential. As a result a competent trader uses all types of analysis and has a deep grasp of the market to make better trading decisions..
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Without a doubt, a professional trader needs fundamental analysis and technical analysis together, because they are interconnected.
Technical analysis cannot be done accurately without knowing the fundamental analysis and following the news of the coin and the changes that may occur to the coin such as launching a development, changing the network, burning, etc., because all of this information may lead to a significant change in the price and therefore the analyst must follow it.
In fact, there are many inexperienced traders who get good opportunities just by following the news.
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There has been some argument between fundamental and technical analysis concerning which one is more effective. Many seems to align more with technical analysis more than fundamental analysis. I have also seen some people come up with psychological analysis to add to the above two. But then, one augment the other, no one is just totally complete on it's own. Whatever happens in fundamentals will also be seen playing out in the chart and vice versa. But generally, even apart from the cryptocurrency industry, information is a powerful tool.
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No matter should be neglected in trading, we must look at all matters very seriously if we want to earn profit by trading. If we take a simple look at something without taking it all seriously then the result is definitely more likely to go against us. When it comes to trading, if we think that we don't need to watch candles or watch market charts, we only buy if the price goes down a little and sell if it goes up a little, but our money is more likely to get lost. In investing, watching candles should be as important as someone watching charts so that we don't make mistakes in our investments and that we can buy at the right time and sell at the right time.
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Many seems to align more with technical analysis more than fundamental analysis. I have also seen some people come up with psychological analysis to add to the above two. But then, one augment the other, no one is just totally complete on it's own. Whatever happens in fundamentals will also be seen playing out in the chart and vice versa. But generally, even apart from the cryptocurrency industry, information is a powerful tool.
Are you referring to the discussion in this forum or is there a bigger platform where such clashes happen? I see more people share their views on social media like Twitter or Reddit nowadays, probably because the bull run is attracting new retail traders. Sometimes they use the same term to describe different things, and vice versa, so it is hard to keep track of what is actually being discussed if there is no context around it. Psychological analysis sounds really similar to market sentiment analysis, which sometimes being grouped together with fundamental analysis on some platforms. Make sure to note that drastic market sentiment might not get reflected on the chart as quickly as you'd love to, so do keep in mind if anyone is trading only with technical indicators.
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No matter should be neglected in trading, we must look at all matters very seriously if we want to earn profit by trading. If we take a simple look at something without taking it all seriously then the result is definitely more likely to go against us.
A trader has to keep track of everything, and that's why making profit from trading is very difficult and the trader needs to be skilled. Fundamental analysis is very important in trading and a trader cannot expect to profit from the market without doing fundamental analysis. Because sometimes a coin is technically strong but fundamentally weak, then trading in that coin is very risky, and experienced traders know how to deal here. So to be a profitable trader it is important to have technical and fundamental analysis skills so that the trader can guess where he is investing.
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With Technical and Fundamental analysis, the chances of making profit from a trade increases massively.
Yep.... the combination is good and I even prefer to prioritize fundamental analysis as the basis for buying certain coins. That can make me a little safer than having to deal with technical analysis that doesn't give me much confidence. Fundamental analysis is the basis, while technical analysis is the variation, that's how I approach my basic strategy for buying Bitcoin and the altcoins that I have so far.
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I just found out that there are traders who ignore the fundamental principles of ethics in conducting analysis. Usually, TA and FA analysis is needed when you want to do market research. Whether it's a certain coin or whether a certain price goes up or down. This is something that is done because we really support each other. The two are quite related, and may influence the results of our analysis of certain coins.
I'm sure, really, that most professional traders won't ignore fundamental analysis. they will do it both technical and fundamental analysis.
I quoted this for little bit information here:
Fundamental analysis provides insights into a project's intrinsic value and focuses on the long term, while technical analysis equips traders with tools to interpret market behaviour and optimise trading strategies in the short term.
Source:
https://economictimes.indiatimes.com/markets/cryptocurrency/the-importance-of-fundamental-and-technical-research-for-crypto/articleshow/108748587.cms?from=mdr
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Usually, the news is what follows the price in terms of an increase or decrease, and not the other way around. If a positive change occurs in the price, you will notice that positive news floats to the surface, and if a negative change occurs, you will notice that negative news has begun to circulate, even if it is rumors about that, unless you are careful to follow those who analyze. News: Following these accounts is a waste of time. Following accounts that tell you about upcoming events will give you better results.[/size]
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What that is most important for traders is technical analysis. But it is not wrong that fundamental analysis should not be neglected. There are some news that can make the market price of bitcoin to increase or decrease. Fundamental analysis is mostly good for those that do not just enter market but enter when they hear a good news, but for traders that are scalping, the need for fundamental analysis is low. Example is when there is a good news, market price of bitcoin has already go up, fundamental analysis can indicate overbought market and a trader can go a short position. So, technical analysis is the most important for short term traders like scalpers.
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We must always pay attention to everything related to the market, because it will all affect our analysis. In my opinion, technical and fundamental must go hand in hand, let's not ignore one of them.
This is a form of our seriousness in doing something, in my opinion, because if we ignore something that we consider unimportant then it will lead us into things we don't want. Therefore we must pay attention to everything.
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I never underestimate fundamentals in trading because when you add this as your confluence it will increase the probability that your analysis will materialize. That's why I always consider fundamentals when I trade no matter how good is the structure of the market. There are people who only trade with fundamentals and able to make profit, but I believe that adding technical analysis in your trades can maximize the profit and minimizing the risk.
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To really get an accurate prediction in trading traders are often required and advised not to totally depend on technical analysis, forgetting fundamental analysis. With proper timely information from the news, you can make a lot of profit on a trade.
No doubt.
Fundamental analysis is one of the things that can influence our decisions in trading or investing. As we know, in trading, there is Technical Analysis which is very useful for practicing and analyzing charts in the market. And this is very important to do so as not to focus too much on decisions that are just guesswork.
Meanwhile, on the other hand, fundamental analysis is also important because it really provides a guide for us in making decisions regarding the latest news about these coins. It needs to be necessary.
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To really get an accurate prediction in trading traders are often required and advised not to totally depend on technical analysis, forgetting fundamental analysis. With proper timely information from the news, you can make a lot of profit on a trade.
If you know that you will not be able to keep up with news updates as the come up, you can make a smart move on setting notifications on various crypto news handles on social media platforms like X, so that whenever there's a new development consigning cryptocurrency and a particular coin you'll be among the very first people to hear about it. Some traders make millions from just taking advantage of the news, and they are also able to avoid losses too due to fundamental analysis.
With Technical and Fundamental analysis, the chances of making a profit from a trade increase massively.
The thing is that not every trader is good at technical and fundamental analysis. Even with the updates and news, some traders may not be able to make good trading decisions. This is why getting an expert who is good at technical and fundamental analysis is vital. They can help you make profits out of your trading.
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The thing is that not every trader is good at technical and fundamental analysis. Even with the updates and news, some traders may not be able to make good trading decisions. This is why getting an expert who is good at technical and fundamental analysis is vital. They can help you make profits out of your trading.
Indirectly, you say follow other people or signals, or copy trading because you don't really understand technical and fundamental analysis.
You can actually learn it quite easily because there are many references available.
I myself learned trading by myself and began to understand little by little.
It is a process and cannot be mastered instantly.
If you only rely on others, then when will you independently analyze without the help of others.
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This should be the most important thing because people are looking at everything else but they are not looking at Fundamental analysis and we should be considering the situation. This should be the most important part because if you ignroe FA then you are not going to get a lot better. We can definitely see FA help a lot of people make as much profit as we can if we use it properly. Doesn't mean its easy, sure its important but its also VERY difficult to master it. That should be the most important part of this situation and can't really end up being that easy but has to be something we need to focus on.
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To really get an accurate prediction in trading traders are often required and advised not to totally depend on technical analysis, forgetting fundamental analysis. With proper timely information from the news, you can make a lot of profit on a trade.
If you know that you will not be able to keep up with news updates as the come up, you can make a smart move on setting notifications on various crypto news handles on social media platforms like X, so that whenever there's a new development consigning cryptocurrency and a particular coin you'll be among the very first people to hear about it. Some traders make millions from just taking advantage of the news, and they are also able to avoid losses too due to fundamental analysis.
With Technical and Fundamental analysis, the chances of making profit from a trade increases massively.
I can't agree more with you, I just had a discussion on a topic where the member talked about how important technical indicators are and how that member is using them, to make a profit, and now this post came into my sight. This explains it all that depending only on TA would be a mistake because IMO if we are talking about BTC, then the overall price fluctuations are mainly due to the demand and supply, and it's measured by the news, media outlets, and fuds, etc.
I know these factors can cause a huge pump and dump, but our aim should be to take advantage of this situation. There comes a time, when a person finds the news early but doesn't react, and changes the strategy, in this he makes losses. The reason for no reacting is, that they thought its already so late (that they heard the news late) as they didn't know whether it was late or not, so by considering its late they don't react while the situation is no so many people have heard about that news yet.
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This explains it all that depending only on TA would be a mistake because IMO if we are talking about BTC, then the overall price fluctuations are mainly due to the demand and supply, and it's measured by the news, media outlets, and fuds, etc.
The news you get is subsequent to the change in price and not the other way around, meaning that the price of Bitcoin rises and then you hear the news, except in some cases, such as accepting the Bitcoin ETF, in which case it would have been easy to guess that the price would rise after that news.
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The news you get is subsequent to the change in price and not the other way around, meaning that the price of Bitcoin rises and then you hear the news, except in some cases, such as accepting the Bitcoin ETF, in which case it would have been easy to guess that the price would rise after that news.
When we get news about the acceptance of bitcoin or cryptocurrency which is in the top position, there is an opportunity for us to try to make a profit by entering first, because as you said the price will definitely rise next. However, when we get the news too late and the price has already gone up then there is a possibility that this is price manipulation carried out by whales to try to influence people to buy coins because there is good news that has just been announced in several media.
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I think both are equally important for a trader.
One needs to be aware of everything happening in the market to have a clear understanding of the movements happening at any time so that they don't place their trades at the wrong time and incur losses.
One needs to have technical knowledge so that they can analyze the charts, statistics, and figures to understand the movements of the market from the past and in which direction it will move next.
Combining both can make someone reduce the risks of failure and eventually become a more successful trader.
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And at one point technical analysis can even not work due to fundamental news which sometimes contradicts technical analysis. So fundamental analysis is often considered more important by some traders and they then carry out technical analysis after fundamentals. And it will indeed be very effective if the two are combined.
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The news you get is subsequent to the change in price and not the other way around, meaning that the price of Bitcoin rises and then you hear the news, except in some cases, such as accepting the Bitcoin ETF, in which case it would have been easy to guess that the price would rise after that news.
Thanks for shed more light on my point but I was talking about the second thing, like the BTC ETF news, which caused a surge in the price of BTC. And on the other hand, there is some uncertain news, for example, the news of china banning crypto, they banned it 4 to 5 times If I am not wrong. All of that time market lost value. Overall, when the MT GOX and Silk Road funds are sold, the news will burst out, and the market will lose value again. No doubt there are good news and bad news.
And there are times when news is created due to the sudden increment/decrement in the price of BTC. One should know the difference. My main focus was to say Demand and supply are the biggest factors that drive BTC price CMIIW. ANd just to remain safe, I mentioned other factors as well. And trying to say TA is less useful than fundamental analysis. But after your words, I thought again and decided that I should have said, TA is not best in compared to fundamental analysis (when news making impact) but when news is not making impact than TA is best and of great importance. What you say?
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And at one point technical analysis can even not work due to fundamental news which sometimes contradicts technical analysis. So fundamental analysis is often considered more important by some traders and they then carry out technical analysis after fundamentals. And it will indeed be very effective if the two are combined.
That's right, because if we only rely on one technique it will be very difficult for us to know the position that will occur in the next price movement, therefore the news in several media must also be paid close attention so that we don't make the wrong decision.
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A trader must have good skills in both fundamental and technical aspects because if he wants to profit in trading, he should give importance to these things. Among these two, fundamental analysis is more important. A coin may not advance temporarily for any reason but if the fundamentals of that coin are strong then that coin will definitely be trading again after a certain period of time. Those who choose fundamentally strong projects in the trading business are greatly reduced in risk. Projects that are fundamentally strong usually do not go out of business. A trader can be very profitable there if he can do technical analysis along with fundamental analysis.
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To really get an accurate prediction in trading traders are often required and advised not to totally depend on technical analysis, forgetting fundamental analysis. With proper timely information from the news, you can make a lot of profit on a trade.
If you know that you will not be able to keep up with news updates as the come up, you can make a smart move on setting notifications on various crypto news handles on social media platforms like X, so that whenever there's a new development consigning cryptocurrency and a particular coin you'll be among the very first people to hear about it. Some traders make millions from just taking advantage of the news, and they are also able to avoid losses too due to fundamental analysis.
With Technical and Fundamental analysis, the chances of making profit from a trade increases massively.
- With what you said here, mate, it's a bit like I disagree with what you said that we shouldn't be totally dependent on technical analysis. In my opinion,
we cannot depend on technical analysis because, while we are doing it, we can still perform fundamental analysis.
Those two should not be separated. Maybe yes, sometimes we don't use the fundamentals, but the technical analysis is always there to somehow
help us in the analysis we do.
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I think both are equally important for a trader.
One needs to be aware of everything happening in the market to have a clear understanding of the movements happening at any time so that they don't place their trades at the wrong time and incur losses.
One needs to have technical knowledge so that they can analyze the charts, statistics, and figures to understand the movements of the market from the past and in which direction it will move next.
Combining both can make someone reduce the risks of failure and eventually become a more successful trader.
Yes, I do agree both are equally important. fundamentals is more on the intrinsic value and so it will remain constant. While technical knowledge encompasses daily to even long term perspective. That why we have day or intra day traders which is very difficult in my opinion but with the aid of technical analysis, they can identify the trend, thus making sound judgement to make money.
So if I will be trader, which I do before, I will take this two in consideration, and as far as my experience goes, if they are in opposite direction, I will just observed the movement first before making my moved.
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And at one point technical analysis can even not work due to fundamental news which sometimes contradicts technical analysis. So fundamental analysis is often considered more important by some traders and they then carry out technical analysis after fundamentals. And it will indeed be very effective if the two are combined.
It depends on the trader that you are. If you do not just trade often but wait until you heard or read some news which can give you where the market is going, then enter position, such traders may not really know much about technical analysis. But if you are a scalper, you may not just prefer fundamental analysis but prefer technical analysis. But the best is to go for both and be an expert in both.
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And at one point technical analysis can even not work due to fundamental news which sometimes contradicts technical analysis. So fundamental analysis is often considered more important by some traders and they then carry out technical analysis after fundamentals. And it will indeed be very effective if the two are combined.
It depends on the trader that you are. If you do not just trade often but wait until you heard or read some news which can give you where the market is going, then enter position, such traders may not really know much about technical analysis. But if you are a scalper, you may not just prefer fundamental analysis but prefer technical analysis. But the best is to go for both and be an expert in both.
Negative events can cause a massive sell of a coin by holders and the knowledge of these events can help you understand the position or the direction that the market is going likewise a positive event. As a trader fundamental analysis is quite necessary to be carried out first because on days where there are high impact events, some crypto pairs can completely be avoided, or because of the awareness of the forthcoming news or events that will have an effect on the market, a smart trader who does not trade often can take advantage of it by trying to make a research on the event to know if it's a positive event that can cause a massive buy, or a negative event that can result in massive sell.
Technical analysis will show you the direction of the market based on what you are seeing and you will be sure of it, while fundamental analysis will give a hint on the direction of the market based on a forthcoming news or event. Like I said before, knowledge of both greatly increases your chances of hitting your TP.
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Technical analysis will show you the direction of the market based on what you are seeing and you will be sure of it, while fundamental analysis will give a hint on the direction of the market based on a forthcoming news or event. Like I said before, knowledge of both greatly increases your chances of hitting your TP.
Fundamental analysis will not give a hint on the direction of the market based on a forthcoming news or event but based on the present news and events. I think that is what you meant but adding forthcoming makes it entirely to have different meaning. I have posted before on this thread that fundamental analysis is good for swing traders and those that prefer to wait and buy or sell after seeing the news. But scalpers are not that patient and they depend on technical analysis. A scalpers can do without fundamental analysis.
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Fundamental analysis is indeed for investors and mid term traders while it may not be that much useful for intraday traders that's why they rely mostly on the technical analysis which isn't gonna give an accurate prediction either but they have to trust the market patterns for their future decisions since there is no better way than this.
If you manage to get ahold of every news related to the project that you invested then it's good and can give you an opportunity to make money as well but in reality we see the news when it hits everyone and by that time everyone will be doing what you are planned to do.
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I never underestimate fundamentals in trading because when you add this as your confluence it will increase the probability that your analysis will materialize. That's why I always consider fundamentals when I trade no matter how good is the structure of the market. There are people who only trade with fundamentals and able to make profit, but I believe that adding technical analysis in your trades can maximize the profit and minimizing the risk.
During the bull run, the fundamentals beat any other analysis you can think of, all coins are pumped because of event, news and updates that a project has and not the technical. In fact majority of people don't follow more of technical during bull run and that's why many people that hold their coin make money on this period.
Fundamental analysis is the bed rock of how the market works here, if a coin is trading and you do a technical analysis and it tells you that the coin will go up, a fundamental news is enough to destroy that technical analysis. This is why fundamental of every projects need to be respected.
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I never underestimate fundamentals in trading because when you add this as your confluence it will increase the probability that your analysis will materialize. That's why I always consider fundamentals when I trade no matter how good is the structure of the market. There are people who only trade with fundamentals and able to make profit, but I believe that adding technical analysis in your trades can maximize the profit and minimizing the risk.
During the bull run, the fundamentals beat any other analysis you can think of, all coins are pumped because of event, news and updates that a project has and not the technical. In fact majority of people don't follow more of technical during bull run and that's why many people that hold their coin make money on this period.
Fundamental analysis is the bed rock of how the market works here, if a coin is trading and you do a technical analysis and it tells you that the coin will go up, a fundamental news is enough to destroy that technical analysis. This is why fundamental of every projects need to be respected.
If you've been doing trading around for a while then you would really be able to see the relevance about having these news or fundamentals which its true that no matter how well those technicals that you had set out but if the news around is something that would neither be positive or negative then it would really be definitely messing up on the technicals that you had set out earlier.
This is why it would really be best that you should really know on how to make use of technical and fundamentals on which you would really be able to at least do knows
on where prices could potentially go basing up on the news or events that had been seen out.
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During the bull run, the fundamentals beat any other analysis you can think of, all coins are pumped because of event, news and updates that a project has and not the technical. In fact majority of people don't follow more of technical during bull run and that's why many people that hold their coin make money on this period.
Fundamental analysis is the bed rock of how the market works here, if a coin is trading and you do a technical analysis and it tells you that the coin will go up, a fundamental news is enough to destroy that technical analysis. This is why fundamental of every projects need to be respected.
The bull run made many cryptocurrency observers very happy because all the predictions of price increases that they made were mostly realized, but for now it seems like they are entering a bearish season where many cryptocurrency prices will fall to their basic prices again.
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The bull run made many cryptocurrency observers very happy because all the predictions of price increases that they made were mostly realized, but for now it seems like they are entering a bearish season where many cryptocurrency prices will fall to their basic prices again.
I don't think that this is a bearish season, in my opinion this is just a correction and the price of bitcoin will rise again soon. So the analysis used to look at Bitcoin and the current market should be focused on next year, because the bullish season is expected to occur next year.
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I don't think that this is a bearish season, in my opinion this is just a correction and the price of bitcoin will rise again soon. So the analysis used to look at Bitcoin and the current market should be focused on next year, because the bullish season is expected to occur next year.
Yes this is not bearish season because the price remains higher for long timing and as the current price is a little bit lower so it does not suggest that bear season started but it will recover very soon again if the effects of halving remains positive.
Bullish season has been started but it will not end easily but will remain until 2025 and up to that we will see 100k$ achievement for Bitcoin. It's not just a correction but some whales have impacted the worth of the market by increasing the percentage of selling for their own advantages.
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I don't think that this is a bearish season, in my opinion this is just a correction and the price of bitcoin will rise again soon. So the analysis used to look at Bitcoin and the current market should be focused on next year, because the bullish season is expected to occur next year.
It's true, currently many altcoins are increasing their prices again so lucky for those who have bought altcoins at cheap prices, now the price has increased, we should be able to take advantage of this altcoin season situation to increase the number of assets we own.
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To really get an accurate prediction in trading traders are often required and advised not to totally depend on technical analysis, forgetting fundamental analysis. With proper timely information from the news, you can make a lot of profit on a trade.
If you know that you will not be able to keep up with news updates as the come up, you can make a smart move on setting notifications on various crypto news handles on social media platforms like X, so that whenever there's a new development consigning cryptocurrency and a particular coin you'll be among the very first people to hear about it. Some traders make millions from just taking advantage of the news, and they are also able to avoid losses too due to fundamental analysis.
With Technical and Fundamental analysis, the chances of making profit from a trade increases massively.
- Actually, technical analysis and fundamental analysis are a good combination to use both of them; they should not be separated, mixed, or fought; it should not be like that; instead, they should be side by side, which will help our traders in the crypto space.
Maybe the others just don't know how to do fundamentals, and maybe they only do technical analysis most of the time, so just study it if you have the chance.
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To really get an accurate prediction in trading traders are often required and advised not to totally depend on technical analysis, forgetting fundamental analysis. With proper timely information from the news, you can make a lot of profit on a trade.
If you know that you will not be able to keep up with news updates as the come up, you can make a smart move on setting notifications on various crypto news handles on social media platforms like X, so that whenever there's a new development consigning cryptocurrency and a particular coin you'll be among the very first people to hear about it. Some traders make millions from just taking advantage of the news, and they are also able to avoid losses too due to fundamental analysis.
With Technical and Fundamental analysis, the chances of making profit from a trade increases massively.
- Actually, technical analysis and fundamental analysis are a good combination to use both of them; they should not be separated, mixed, or fought; it should not be like that; instead, they should be side by side, which will help our traders in the crypto space.
Maybe the others just don't know how to do fundamentals, and maybe they only do technical analysis most of the time, so just study it if you have the chance.
No matter how good the existing fundamental analysis techniques are, when you trade on Meme coin and applying analysis like this of course it won't have any effect, techniques like this can sometimes only be implemented in Bitcoin even though they are not completely in accordance with what we have learned.
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No matter how good the existing fundamental analysis techniques are, when you trade on Meme coin and applying analysis like this of course it won't have any effect, techniques like this can sometimes only be implemented in Bitcoin even though they are not completely in accordance with what we have learned.
Meme coins don't work like normal cryptocurrencies, so neither fundamental nor technical analysis works if you are applying them on a meme coin because their movements aren't regular or they don't move based on the market but they depend on community hype and they gain or lose value when they are being hyped or being abandoned by their investors.
So when someone decides to invest in a meme coin, they need to understand that they can't know its future or see whether it has potential or not by doing an analysis but they can just make a bet on it with a small amount and see whether they win or lose after some time.